9,239 Shares in Aramark (NYSE:ARMK) Purchased by Capital International Sarl

Capital International Sarl purchased a new stake in Aramark (NYSE:ARMK) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 9,239 shares of the company’s stock, valued at approximately $300,000.

Several other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Aramark in the first quarter valued at about $25,000. Benjamin F. Edwards & Company Inc. purchased a new position in Aramark in the 4th quarter worth approximately $28,000. Scarborough Advisors LLC acquired a new position in shares of Aramark during the 4th quarter worth approximately $34,000. Twin Tree Management LP grew its position in shares of Aramark by 32.0% in the first quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock valued at $46,000 after purchasing an additional 345 shares in the last quarter. Finally, Solstein Capital LLC acquired a new stake in shares of Aramark in the fourth quarter valued at approximately $47,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ARMK. Robert W. Baird boosted their price objective on Aramark from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. UBS Group boosted their price target on shares of Aramark from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Finally, Oppenheimer boosted their target price on shares of Aramark from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Aramark has an average rating of “Moderate Buy” and a consensus target price of $34.89.

Aramark Trading Up 1.7 %

Shares of ARMK stock traded up $0.56 during trading hours on Friday, hitting $33.65. The company had a trading volume of 960,571 shares, compared to its average volume of 1,647,165. Aramark has a fifty-two week low of $23.95 and a fifty-two week high of $34.37. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.25 and a quick ratio of 1.11. The company’s fifty day moving average is $33.01 and its 200 day moving average is $31.68. The stock has a market capitalization of $8.85 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.59.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Aramark had a return on equity of 13.82% and a net margin of 3.43%. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Research analysts expect that Aramark will post 1.57 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.13%. The ex-dividend date was Friday, May 10th. Aramark’s dividend payout ratio is currently 15.97%.

Aramark Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.